3 May 2021
New analysis suggests that a flood of new wind and solar projects will drive electricity prices lower, and higher gas prices will mean the fossil fuel will play a minimal role in the future energy system.
A new analysis published by analyst firm Reputex on Monday estimates that around 7GW of new wind and solar projects will be commissioned in Australia’s main grid within the next two years, with a pipeline of more than 60GW of new projects out to 2040.
The majority of this new capacity will be focused in New South Wales and Victoria and will come as around 13GW of black coal power stations and 1.4GW of brown coal generators exit the market over the same period.
Gas pipeline reforms to deliver $1b over 20 years
May 3, 2021 â 12.00am
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Multiple reforms to gas pipeline regulations agreed by federal and state energy ministers are expected to yield more than $1 billion of value over 20 years and help deliver on the Morrison governmentâs aim for a gas-led economic recovery for the manufacturing sector.
But the news of the reforms, which are intended to tackle the market power of pipeline operators and help reduce transport charges, come as consultancy RepuTex predicted that gas will likely âfall to the back of the packâ as a flexible fuel to support surging renewable energy.
Australia's biggest coal state could reach 100 pct renewables by 2030, Reputex says reneweconomy.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reneweconomy.com.au Daily Mail and Mail on Sunday newspapers.